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Vehicle Cost Fluctuation Data
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About
This dataset explores the dynamics of car pricing over time, offering insights into how factors such as inflation, technological advancements, and consumer demand influence vehicle costs. It captures significant shifts within the automobile industry over the past decade, where new technologies, heightened competition, and evolving consumer preferences have contributed to a steady increase in car prices. The dataset aims to help users understand these trends to make more informed decisions regarding vehicle purchases.
Columns
- Classes: Provides detailed information about the car type, including engine numbers, models, and other specifications. It contains 550 unique values.
- Old Price: Contains the original price data for cars before any changes were applied. There are 1128 unique values, with "445,000 EGP" being a common entry.
- Price Change: Shows the fluctuation in car prices, indicating whether a price has increased or decreased. Common changes include "trending_up +5,000 EGP" and "trending_up +10,000 EGP". It has 420 unique values.
- New Price: Represents the updated price, calculated by adding the 'Old Price' to the 'Price Change'. This column also has 1146 unique values, with "445,000 EGP" appearing frequently.
- date_range: Specifies the date of price adjustments for all cars, covering periods of change.
Distribution
The dataset is provided in CSV format, named
car_price.csv, with a size of 370.9 kB. It consists of 6 columns and contains 3504 records or rows.Usage
This dataset is ideal for analysing historical car price changes, understanding the impact of economic factors like inflation and technological advancements on vehicle costs, and predicting future pricing trends. It can be utilised by consumers to make educated purchasing decisions, by market researchers to study automotive industry dynamics, and by data analysts for various insights.
Coverage
The data spans a time range from 14th October 2019 to 19th January 2023. While specific geographic details are not explicitly stated beyond the currency unit (EGP), the dataset generally covers prices and changes for "all car brands."
License
CC0: Public Domain
Who Can Use It
- Consumers: To gain awareness of market changes and make well-informed decisions when buying a vehicle.
- Data Analysts: For exploring pricing trends, conducting statistical analyses, and generating reports on the automotive market.
- Automotive Industry Professionals: For market research, competitive analysis, and strategic planning related to pricing and product development.
- Researchers: Studying economic impacts on consumer goods and technological adoption in the vehicle sector.
Dataset Name Suggestions
- Car Price Evolution
- Automotive Pricing Dynamics
- Global Car Price Trends
- Vehicle Cost Fluctuation Data
- Car Market Price Analysis
Attributes
Original Data Source: Vehicle Cost Fluctuation Data
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